Petrobras Heads for Two-Month Business Plan Review Under Lula – Bloomberg

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Petrobras’s new management should carry out a two-month review of the oil giant’s business plan to bring it more into line with Brazilian President-elect Luiz Inacio Lula da Silva’s wider policy goals, according recommendations from Lula’s transition team. 
The energy experts who worked on Lula’s transition concluded that Petrobras’s existing $78 billion five-year strategic plan is insufficient to build out priorities such as refining and biofuels, according to a person familiar with the team’s formal policy recommendations. 

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